Dreyfus Strategic Municipal Bond Fund, Inc.
|
|
|
|
|
Statement of Investments
|
|
|
|
|
August 31, 2004 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
|
Long-Term Municipal Investments--141.8%
|
|
Amount ($)
|
|
Value ($)
|
|
|
|
|
|
|
Alaska--4.4%
|
|
|
|
|
|
Alaska Housing Finance Corp.:
|
|
|
|
|
6.25%, 6/1/2035
|
|
5,905,000
|
|
6,275,421
|
6.05%, 6/1/2039 (Insured; MBIA)
|
|
11,915,000
|
|
12,417,098
|
|
Arizona--2.2%
|
|
|
|
|
|
Apache County Industrial Development Authority, PCR
|
|
|
(Tucson Electric Power Co.) 5.85%, 3/1/2028
|
|
2,220,000
|
|
2,197,645
|
|
Arizona Water Infrastructure Finance Authority, Revenue
|
|
|
5%, 10/1/2021
|
|
3,000,000
|
|
3,204,450
|
|
Maricopa County Pollution Control Corp., PCR
|
|
|
|
|
(El Paso Electric Co.) 6.25%, 5/1/2037
|
|
4,000,000
|
|
4,118,040
|
|
Arkansas--2.2%
|
|
|
|
|
|
Arkansas Development Finance Authority, SFMR
|
|
|
|
|
6.25%, 1/1/2032
|
|
3,840,000
|
|
4,043,251
|
|
Little Rock School District
|
|
|
|
|
5.25%, 2/1/2030 (Insured; FSA)
|
|
5,000,000
|
|
5,235,050
|
|
California--10.2%
|
|
|
|
|
|
California
|
|
|
|
|
5.50%, 4/1/2028
|
|
5,450,000
|
|
5,805,613
|
|
California Economic Recovery
|
|
|
|
|
5.25%, 7/1/2014 (Insured; FGIC)
|
|
7,435,000
|
|
8,436,420
|
|
California Department of Water Resources,
|
|
|
|
|
Power Supply Revenue 6%, 5/1/2015
|
|
12,500,000
|
|
14,273,500
|
|
California Department of Veteran Affairs
|
|
|
|
|
Home Purchase Revenue 5.20%, 12/1/2028
|
|
5,000,000
|
|
5,014,950
|
|
California Health Facilities Financing Authority, Revenue
|
|
|
(Cedars-Sinai Medical Center) 6.25%, 12/1/2034
|
|
3,750,000
|
|
4,023,900
|
|
San Diego Unified School District Crossover
|
|
|
|
|
(Election 1998)
|
|
|
|
|
5.50%, 7/1/2023 (Insured; MBIA)
|
|
5,000,000
|
|
5,765,300
|
|
Colorado--3.5%
|
|
|
|
|
|
Colorado Health Facilities Authority, Revenue
|
|
|
|
|
(American Housing Foundation 1, Inc.)
|
|
2,035,000
|
|
2,026,412
|
8.50%, 12/1/2031
|
|
|
|
|
Denver City and County, Special Facilities Airport Revenue
|
|
|
|
|
(United Air Lines) 6.875%, 10/1/2032
|
|
2,700,000
|
|
a
|
|
1,950,750
|
|
Northwest Parkway Public Highway Authority, Revenue
|
|
|
|
|
|
|
(First Tier Subordinated) 7.125%, 6/15/2041
|
|
5,500,000
|
|
|
|
5,840,065
|
|
Silver Dollar Metropolitan District
|
|
|
|
|
|
|
7.05%, 12/1/2030
|
|
4,885,000
|
|
|
|
4,945,818
|
|
Connecticut--2.7%
|
|
|
|
|
|
|
|
Connecticut Development Authority, PCR
|
|
|
|
|
|
|
(Connecticut Light and Power) 5.95%, 9/1/2028
|
|
6,000,000
|
|
|
|
6,283,260
|
|
Connecticut Resource Recovery Authority
|
|
|
|
|
|
|
(American Refunding-Fuel Company)
|
|
|
|
|
|
|
6.45%, 11/15/2022
|
|
4,985,000
|
|
|
|
5,104,141
|
|
District of Columbia--1.3%
|
|
|
|
|
|
|
|
Metropolitan Washington Airports Authority,
|
|
|
|
|
|
|
Special Facilities Revenue
|
|
|
|
|
|
|
(Caterair International Corp.) 10.125%, 9/1/2011
|
|
5,620,000
|
|
|
|
5,627,025
|
|
Florida--3.2%
|
|
|
|
|
|
|
|
Florida Housing Finance Corp., Housing Revenue
|
|
|
|
|
|
|
(Seminole Ridge Apartments)
|
|
|
|
|
|
|
6%, 4/1/2041 (Collateralized; GNMA)
|
|
6,415,000
|
|
|
|
6,712,399
|
|
Orange County Health Facilities Authority, Revenue:
|
|
|
|
|
|
|
(Adventist Health System) 6.25%, 11/15/2024
|
|
3,000,000
|
|
|
|
3,250,650
|
(Orlando Regional Healthcare System) 6%, 10/1/2026
|
|
3,500,000
|
|
|
|
3,664,500
|
|
Georgia--1.4%
|
|
|
|
|
|
|
|
Atlanta Airport Revenue
|
|
|
|
|
|
|
5.25%, 1/1/2025 (Insured; FSA)
|
|
3,000,000
|
|
|
|
3,110,580
|
|
Savannah Economic Development Authority,
|
|
|
|
|
|
|
Environmental Improvement Revenue
|
|
|
|
|
|
|
(International Paper Company) 6.20%, 8/1/2027
|
|
2,670,000
|
|
|
|
2,812,685
|
|
Idaho--.2%
|
|
|
|
|
|
|
|
Idaho Housing & Finance Association, SFMR
|
|
|
|
|
|
|
6.35%, 1/1/2030 (Collateralized; FNMA)
|
|
890,000
|
|
|
|
936,093
|
|
Illinois--5.3%
|
|
|
|
|
|
|
|
Chicago O'Hare International Airport
|
|
|
|
|
|
|
General Airport Revenue
|
|
|
|
|
|
|
(3rd Lien B-2 XLCA)
|
|
|
|
|
|
|
6%, 1/1/2029
|
|
5,000,000
|
|
|
|
5,480,250
|
|
Illinois Health Facilities Authority, Revenue:
|
|
|
|
|
|
|
(Advocate Network Health Care) 6.125%, 11/15/2022
|
|
5,000,000
|
|
|
|
5,537,900
|
(OSF Healthcare Systems) 6.25%, 11/15/2029
|
|
10,900,000
|
|
|
|
11,475,629
|
Indiana--1.7%
|
|
|
|
|
|
|
|
Franklin Township School Building Corporation
|
|
|
|
|
|
|
6.125%, 1/15/2022 (Prerefunded 7/15/2010)
|
|
6,000,000
|
|
b
|
|
7,135,380
|
|
Kansas--1.7%
|
|
|
|
|
|
|
|
Wyandotte County Kansas City,
|
|
|
|
|
|
|
Unified Government Utility Systems Revenue
|
|
|
|
|
|
|
5.65%, 9/1/2022 (Insured; AMBAC)
|
|
6,365,000
|
|
|
|
7,332,671
|
|
Louisiana--2.6%
|
|
|
|
|
|
|
|
Parish of De Soto, Environmental Improvement
|
|
|
|
|
|
|
Revenue (International Paper Co.)
|
|
2,900,000
|
|
|
|
3,030,674
|
6.55%, 4/1/2019
|
|
|
|
|
|
|
|
West Feliciana Parish, PCR (Entergy Gulf States):
|
|
|
|
|
|
|
7%, 11/1/2015
|
|
3,000,000
|
|
|
|
3,049,860
|
6.60%, 9/1/2028
|
|
4,700,000
|
|
|
|
4,791,133
|
|
Maryland--2.7%
|
|
|
|
|
|
|
|
Maryland Economic Development Corp.,
|
|
|
|
|
|
|
Student Housing Revenue (University of Maryland)
|
|
|
|
|
|
|
5.75%, 10/1/2033
|
|
2,550,000
|
|
|
|
2,629,892
|
|
Maryland Industrial Development Financing
|
|
|
|
|
|
|
Authority, EDR (Medical Waste Associates
|
|
|
|
|
|
|
Limited Partnership) 8.75%, 11/15/2010
|
|
3,710,000
|
|
|
|
3,290,139
|
|
Maryland State and Local Facilities Loan
|
|
|
|
|
|
|
5%, 8/1/2017
|
|
5,000,000
|
|
|
|
5,467,850
|
|
Massachusetts--5.1%
|
|
|
|
|
|
|
|
Massachusetts Development Finance Agency Revenue
|
|
|
|
|
|
|
(WGBH Educational Foundation):
|
|
|
|
|
|
|
5.37%, 1/1/2042 (Insured; AMBAC)
|
|
6,500,000
|
|
|
|
6,800,885
|
5.75%, 1/1/2042 (Insured; AMBAC)
|
|
5,000,000
|
|
|
|
5,815,900
|
|
Massachusetts Health and Educational Facilities
|
|
|
|
|
|
|
Authority, Revenue:
|
|
|
|
|
|
|
(Beth Israel) 10.215%, 7/1/2025 (Insured; AMBAC)
|
|
3,250,000
|
|
c
|
|
3,269,435
|
(Civic Investments) 9%, 12/15/2015
|
|
2,000,000
|
|
|
|
2,314,540
|
(Partners Healthcare System) 5.75%, 7/1/2032
|
|
3,000,000
|
|
|
|
3,185,040
|
|
Pittsfield, SWDR (Vicon Recovery Associates)
|
|
|
|
|
|
|
7.95%, 11/1/2004
|
|
310,000
|
|
|
|
310,000
|
|
Michigan--2.8%
|
|
|
|
|
|
|
|
Michigan Hospital Finance Authority, HR
|
|
|
|
|
|
|
(Genesys Health System Obligated Group)
|
|
|
|
|
|
|
8.125%, 10/1/2021 (Prerefunded 10/1/2005)
|
|
5,000,000
|
|
b
|
|
5,449,000
|
|
Michigan Strategic Fund, SWDR
|
|
|
|
|
|
|
(Genesee Power Station) 7.50%, 1/1/2021
|
|
7,550,000
|
|
|
|
6,534,827
|
Mississippi--.8%
|
|
|
|
|
|
|
|
Mississippi Business Finance Corporation, PCR
|
|
|
|
|
|
|
(Systems Energy Resources, Inc.) 5.90%, 5/1/2022
|
|
3,160,000
|
|
|
|
3,192,358
|
|
Missouri--.5%
|
|
|
|
|
|
|
|
Saint Louis Industrial Development Authority
|
|
|
|
|
|
|
(Saint Louis Convention) 7.25%, 12/15/2035
|
|
2,625,000
|
|
|
|
2,261,989
|
|
Nebraska--.6%
|
|
|
|
|
|
|
|
Nebraska Investment Finance Authority, SFMR
|
|
|
|
|
|
|
10.199%, 3/1/2026
|
|
2,150,000
|
|
c,d
|
|
2,542,332
|
|
Nevada--4.6%
|
|
|
|
|
|
|
|
Clark County, IDR
|
|
|
|
|
|
|
(Southwest Gas Corporation) 6.50%, 12/1/2033
|
|
5,000,000
|
|
|
|
5,041,150
|
|
Washoe County:
|
|
|
|
|
|
|
(Reno-Sparks Convention) 6.40%, 7/1/2029
|
|
|
|
|
|
|
(Insured; FSA) (Prerefunded 1/1/2010)
|
|
8,000,000
|
|
b
|
|
9,397,760
|
Water Facility Revenue (Sierra Pacific Power Co.)
|
|
|
|
|
|
|
5%, 3/1/2036
|
|
5,000,000
|
|
|
|
5,019,600
|
|
New Hampshire--3.6%
|
|
|
|
|
|
|
|
New Hampshire Business Finance Authority, PCR
|
|
|
|
|
|
|
(Public Service Co.):
|
|
|
|
|
|
|
6%, Series D 5/1/2021 (Insured; MBIA)
|
|
2,690,000
|
|
|
|
2,978,772
|
6%, Series E 5/1/2021 (Insured; MBIA)
|
|
6,000,000
|
|
|
|
6,644,100
|
|
New Hampshire Industrial Development Authority, PCR
|
|
|
|
|
|
|
(Connecticut Light) 5.90%, 11/1/2016
|
|
5,400,000
|
|
|
|
5,553,738
|
|
New Jersey--5.7%
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority
|
|
|
|
|
|
|
Special Facilities Revenue (Continental Airlines, Inc.):
|
|
|
|
|
6.25%, 9/15/2019
|
|
3,620,000
|
|
|
|
2,847,999
|
6.25%, 9/15/2029
|
|
5,000,000
|
|
|
|
3,661,750
|
7.20%, 11/15/2030
|
|
7,000,000
|
|
|
|
5,592,370
|
|
New Jersey Educational Facilities Authority, Revenue
|
|
|
|
|
|
|
Higher Education Capital Improvement
|
|
|
|
|
|
|
5.25%, 9/1/2019 (Insured; AMBAC)
|
|
3,000,000
|
|
|
|
3,259,920
|
|
Tobacco Settlement Financing Corporation
|
|
|
|
|
|
|
7%, 6/1/2041
|
|
9,095,000
|
|
|
|
8,782,496
|
|
New Mexico--1.0%
|
|
|
|
|
|
|
|
New Mexico Finance Authority
|
|
|
|
|
|
|
Transportation Revenue
|
|
|
|
|
|
|
5.25%, 6/15/2020 (Insured; MBIA)
|
|
4,000,000
|
|
|
|
4,379,400
|
|
New York--4.6%
|
|
|
|
|
|
|
|
New York City 5.75%, 8/1/2014
|
|
5,000,000
|
|
|
|
5,606,200
|
New York City Transitional Finance Authority, Revenue
|
|
|
|
|
(Future Tax Secured)
|
|
|
|
|
|
|
5.375%, 11/15/2021
|
|
5,000,000
|
|
|
|
5,445,550
|
|
New York State Dormitory Authority, Revenue:
|
|
|
|
|
|
|
City University Systems
|
|
3,060,000
|
|
|
|
3,350,088
|
(Consolidated 4th General) 5.50%, 7/1/2017
|
|
|
|
|
|
|
Judicial Facility Lease
|
|
605,000
|
|
|
|
871,515
|
(Suffolk County) 9.50%, 4/15/2014
|
|
|
|
|
|
|
(Marymount Manhattan College) 6.25%, 7/1/2029
|
|
4,000,000
|
|
|
|
4,361,200
|
|
North Carolina--.7%
|
|
|
|
|
|
|
|
North Carolina Eastern Municipal Power Agency,
|
|
|
|
|
|
|
Power Systems Revenue 6.70%, 1/1/2019
|
|
2,500,000
|
|
|
|
2,809,475
|
|
Ohio--6.4%
|
|
|
|
|
|
|
|
Cuyahoga County, HR (Metrohealth Systems)
|
|
|
|
|
|
|
6.15%, 2/15/2029
|
|
10,000,000
|
|
|
|
10,411,100
|
|
Cuyahoga County Hospital Facilities, Revenue
|
|
|
|
|
|
|
(UHHS/CSAHS Cuyahoga Inc. &
|
|
|
|
|
|
|
CSAHS/UHHS Canton Inc.) 7.50%, 1/1/2030
|
|
3,500,000
|
|
|
|
3,869,495
|
|
Mahoning County Hospital Facilities, Revenue
|
|
|
|
|
|
|
(Forum Health Obligation Group)
|
|
|
|
|
|
|
6%, 11/15/2032
|
|
4,000,000
|
|
|
|
4,208,960
|
|
Ohio Air Quality Development Authority, PCR
|
|
|
|
|
|
|
(Cleveland Electric Illuminating Co.)
|
|
|
|
|
|
|
6.10%, 8/1/2020
|
|
2,400,000
|
|
|
|
2,520,960
|
|
Ohio Housing Finance Agency, Mortgage Revenue
|
|
|
|
|
|
|
10.620%, 3/1/2029 (Collateralized; GNMA)
|
|
1,720,000
|
|
c,d
|
|
1,882,488
|
|
Ohio Water Development Authority, PCR
|
|
|
|
|
|
|
(Cleveland Electric) 6.10%, 8/1/2020
|
|
4,000,000
|
|
|
|
4,201,600
|
|
Oklahoma--3.6%
|
|
|
|
|
|
|
|
Oklahoma Development Finance Authority, Revenue
|
|
|
|
|
|
|
(St. John Health System) 6%, 2/15/2029
|
|
9,000,000
|
|
|
|
9,867,240
|
|
Oklahoma Industries Authority, Health System
|
|
|
|
|
|
|
Revenue (Obligation Group)
|
|
|
|
|
|
|
5.75%, 8/15/2029 (Insured; MBIA)
|
|
5,000,000
|
|
|
|
5,438,100
|
|
Oregon--1.4%
|
|
|
|
|
|
|
|
Umatilla County Hospital Facility Authority, Revenue
|
|
|
|
|
|
|
(Catholic Health Initiatives) 5.50%, 3/1/2022
|
|
2,395,000
|
|
|
|
2,538,987
|
|
Western Generation Agency,
|
|
|
|
|
|
|
Cogeneration Project Revenue
|
|
|
|
|
|
|
(Wauna Cogeneration) 7.40%, 1/1/2016
|
|
3,250,000
|
|
|
|
3,312,563
|
Pennsylvania--1.4%
|
|
|
|
|
|
|
|
Allegheny County Port Authority, Special Transportation
|
|
|
|
|
|
|
Revenue 6.125%, 3/1/2029
|
|
|
|
|
|
|
(Insured; MBIA) (Prerefunded 3/1/2009)
|
|
4,750,000
|
|
b
|
|
5,492,235
|
|
Pennsylvania Housing Finance Agency,
|
|
|
|
|
|
|
Multi-Family Development Revenue
|
|
|
|
|
|
|
8.25%, 12/15/2019
|
|
265,000
|
|
|
|
265,649
|
|
Rhode Island--1.6%
|
|
|
|
|
|
|
|
Rhode Island Health & Educational Building
|
|
|
|
|
|
|
Corporation Higher Educational Facilities
|
|
|
|
|
|
|
(University of Rhode Island)
|
|
|
|
|
|
|
5.875%, 9/15/2029 (Insured; MBIA)
|
|
5,910,000
|
|
|
|
6,593,787
|
|
South Carolina--7.9%
|
|
|
|
|
|
|
|
Berkeley County School District
|
|
|
|
|
|
|
Installment Purchase Revenue
|
|
|
|
|
|
|
(Securing Assets For Education)
|
|
|
|
|
|
|
5%, 12/1/2028
|
|
2,810,000
|
|
|
|
2,812,473
|
|
Greenville County School District
|
|
|
|
|
|
|
Installment Purchase Revenue
|
|
|
|
|
|
|
(Building Equity Sooner Tomorrow)
|
|
|
|
|
|
|
5.50%, 12/1/2028
|
|
10,000,000
|
|
|
|
10,415,100
|
|
Greenville Hospital System, Hospital Facilities Revenue
|
|
|
|
|
|
|
5.50%, 5/1/2026 (Insured; AMBAC)
|
|
7,000,000
|
|
|
|
7,506,450
|
|
Richland County, Environmental Improvement Revenue
|
|
|
|
|
|
|
(International Paper Company) 6.10%, 4/1/2023
|
|
6,500,000
|
|
|
|
6,891,495
|
|
South Carolina Medical Facilities, Hospital Facilities
|
|
|
|
|
|
|
Revenue 6%, 7/1/2019 (Prerefunded 7/1/2009)
|
|
5,000,000
|
|
b
|
|
5,765,750
|
|
Tennessee--3.9%
|
|
|
|
|
|
|
|
Johnson City Health and Educational Facilities Board, HR
|
|
|
|
|
|
|
(1st Mortgage-Mountain State Health):
|
|
|
|
|
|
|
7.50%, 7/1/2025
|
|
2,000,000
|
|
|
|
2,348,460
|
7.50%, 7/1/2033
|
|
3,000,000
|
|
|
|
3,504,540
|
|
Memphis Center City Revenue Finance Corp.
|
|
|
|
|
|
|
Sports Facility Revenue
|
|
|
|
|
|
|
(Memphis Redbirds) 6.50%, 9/1/2028
|
|
6,000,000
|
|
|
|
6,016,680
|
|
Tennessee Housing Development Agency
|
|
|
|
|
|
|
(Homeownership Program):
|
|
|
|
|
|
|
6%, 1/1/2028
|
|
2,820,000
|
|
|
|
2,893,066
|
6.40%, 7/1/2031
|
|
1,695,000
|
|
|
|
1,793,208
|
|
Texas--22.2%
|
|
|
|
|
|
|
|
Austin Airport System Revenue
|
|
|
|
|
|
|
5.25%, 11/15/2017 (Insured; MBIA)
|
|
2,500,000
|
|
|
|
2,735,500
|
Dallas Fort Worth International Airport, Revenue:
|
|
|
|
|
|
|
5.50%, 11/1/2021 (Insured; FSA)
|
|
7,000,000
|
|
|
|
7,528,780
|
Facility Improvement Corp.
|
|
|
|
|
|
|
(2001-A-1 Bombardier Inc.) 6.15%, 1/1/2016
|
|
850,000
|
|
|
|
844,917
|
|
Gregg County Health Facilities Development
|
|
|
|
|
|
|
Corp., HR (Good Shepherd Medical Center)
|
|
|
|
|
|
|
6.375%, 10/1/2025
|
|
2,500,000
|
|
|
|
2,845,625
|
|
Harris County Health Facilities Development
|
|
|
|
|
|
|
Corp., HR (Memorial Hermann Healthcare)
|
|
|
|
|
|
|
6.375%, 6/1/2029
|
|
7,000,000
|
|
|
|
7,616,140
|
|
Harris County-Houston Sports Authority Revenue
|
|
|
|
|
|
|
(Third Lien-A-3)
|
|
|
|
|
|
|
Zero Coupon, 11/15/2031 (Insured; MBIA)
|
|
9,685,000
|
|
|
|
2,107,553
|
|
Katy Independent School District
|
|
|
|
|
|
|
6.125%, 2/15/2032
|
|
11,360,000
|
|
|
|
12,588,016
|
|
Sabine River Authority, PCR (TXU Electric):
|
|
|
|
|
|
|
6.45%, 6/1/2021
|
|
2,900,000
|
|
|
|
3,046,624
|
5.50%, 5/1/2022
|
|
5,490,000
|
|
|
|
5,819,345
|
|
Springhill Courtland Heights Public Facility Corp. MFHR
|
|
|
|
|
5.85%, 12/1/2028
|
|
6,030,000
|
|
|
|
6,203,543
|
|
Texas:
|
|
|
|
|
|
|
(Veterans ) 6%, 12/1/2030
|
|
3,935,000
|
|
|
|
4,205,413
|
(Veterans Housing Assistance Program)
|
|
|
|
|
|
|
6.10%, 6/1/2031
|
|
8,510,000
|
|
|
|
9,048,938
|
|
Texas Department of Housing and Community Affairs:
|
|
|
|
|
|
|
Collateralized Home Mortgage Revenue
|
|
|
|
|
|
|
12.015%, 7/2/2024
|
|
2,500,000
|
|
c
|
|
2,586,025
|
Residential Mortgage Revenue
|
|
|
|
|
|
|
5.35%, 7/1/2033
|
|
5,735,000
|
|
|
|
5,842,130
|
|
Texas Turnpike Authority,
|
|
|
|
|
|
|
Central Texas Turnpike System Revenue
|
|
|
|
|
|
|
5.25%, 5/15/2042 (Insured; AMBAC)
|
|
6,875,000
|
|
|
|
7,084,275
|
|
Tomball Hospital Authority, Revenue:
|
|
|
|
|
|
|
6.125%, 7/1/2023
|
|
3,680,000
|
|
|
|
3,679,926
|
(Tomball Regional Hospital) 6%, 7/1/2025
|
|
4,650,000
|
|
|
|
4,616,753
|
|
Tyler Health Facilities Development Corp., HR
|
|
|
|
|
|
|
(East Texas Medical Center Regional Health)
|
|
|
|
|
|
|
6.75%, 11/1/2025
|
|
5,850,000
|
|
|
|
5,864,801
|
|
Utah--.9%
|
|
|
|
|
|
|
|
Carbon County, SWDR (Sunnyside Cogeneration)
|
|
|
|
|
|
|
7.10%, 8/15/2023
|
|
4,122,000
|
|
|
|
4,007,862
|
|
Virginia--5.2%
|
|
|
|
|
|
|
|
Henrico County Economic Development Authority,
|
|
|
|
|
|
|
Revenue (Bon Secours Health System)
|
|
|
|
|
|
|
5.60%, 11/15/2030 (Insured; FSA)
|
|
3,140,000
|
|
|
|
3,230,369
|
Henrico County Industrial Development Authority,
|
|
|
|
|
|
|
Revenue (Bon Secours Health System)
|
|
|
|
|
|
|
10.256%, 8/23/2027
|
|
7,500,000
|
|
c
|
|
9,924,600
|
|
Virginia Housing Development Authority,
|
|
|
|
|
|
|
Rental Housing 6.20%, 8/1/2024
|
|
8,520,000
|
|
|
|
9,106,432
|
|
Washington--3.4%
|
|
|
|
|
|
|
|
Energy Northwest, Revenue
|
|
|
|
|
|
|
(Wind Project) 6%, 7/1/2023
|
|
3,670,000
|
|
|
|
3,948,259
|
|
Washington Higher Education Facilities Authority,
|
|
|
|
|
|
|
Revenue (Whitman College) 5.875%, 10/1/2029
|
|
10,000,000
|
|
|
|
10,632,200
|
|
Wisconsin--5.0%
|
|
|
|
|
|
|
|
Badger Tobacco Asset Securitization Corp.
|
|
|
|
|
|
|
Tobacco Settlement Revenue:
|
|
|
|
|
|
|
7%, 6/1/2028
|
|
13,500,000
|
|
|
|
13,474,755
|
6.375%, 6/1/2032
|
|
2,150,000
|
|
|
|
1,906,427
|
|
Wisconsin Health and Educational Facilities
|
|
|
|
|
|
|
Authority, Revenue (Aurora Health Care)
|
|
|
|
|
|
|
6.40%, 4/15/2033
|
|
5,500,000
|
|
|
|
5,780,720
|
|
Wyoming--3.6%
|
|
|
|
|
|
|
|
Sweetwater County, SWDR (FMC Corp.):
|
|
|
|
|
|
|
7%, 6/1/2024
|
|
2,140,000
|
|
|
|
2,176,915
|
6.90%, 9/1/2024
|
|
2,465,000
|
|
|
|
2,509,000
|
|
Wyoming Student Loan Corp.,
|
|
|
|
|
|
|
Student Loan Revenue:
|
|
|
|
|
|
|
6.20%, 6/1/2024
|
|
5,000,000
|
|
|
|
5,378,850
|
6.25%, 6/1/2029
|
|
5,000,000
|
|
|
|
5,337,800
|
|
Total Long-Term Investments (cost $581,167,037)
|
|
|
|
|
|
601,804,662
|
|
Short-Term Municipal Investments--3.0%
|
|
|
|
|
|
|
|
Alaska--1.8%
|
|
|
|
|
|
|
|
Valdez, Marine Terminal Revenue, VRDN
|
|
|
|
|
|
|
(Exxon Pipeline Co. Project):
|
|
|
|
|
|
|
1.27%, Series A
|
|
1,200,000
|
|
e
|
|
1,200,000
|
1.27%, Series C
|
|
6,300,000
|
|
e
|
|
6,300,000
|
|
Louisiana--.7%
|
|
|
|
|
|
|
|
East Baton Rouge Parish, PCR, VRDN
|
|
|
|
|
|
|
(Exxon Project) 1.23%
|
|
3,100,000
|
|
e
|
|
3,100,000
|
Texas--.5%
|
|
|
|
|
Lower Neches Valley Authority, IDC
|
|
|
|
|
Exempt Facilities Revenue, VRDN
|
|
|
|
|
(ExxonMobil Project) 1.27%
|
|
2,100,000 e
|
|
2,100,000
|
Total Short-Term Investments (cost $12,700,000)
|
|
|
|
12,700,000
|
Total Investments (cost $593,867,037)
|
|
144.8%
|
|
614,504,662
|
Liabilities, Less Cash and Receivables
|
|
(1.0%)
|
|
(4,207,011)
|
Preferred Stock, at redemption value
|
|
(43.8%)
|
|
(186,000,000)
|
Net Assets
|
|
100.0%
|
|
424,297,651
|
Notes to Statement of Investments:
|
|
a Non-income producing security, interest payments in default.
|
b Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay
|
principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
|
c Inverse floater security - the interest rate is subject to change periodically.
|
d Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
|
transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2004 these securities amounted to
|
$4,424,820 or 1.0% of net assets.
|
e Securities payable on demand. Variable interest rate - subject to periodic change.
|
f Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi
|
annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.
|